Industry Background:
Plastic strapping materials are used in various applications like flooring, millwork, clothing, etc. It is generated from a large number of products used around the world in daily uses. Plastic materials like PP, PET, textile material, composite material, etc are strapped and recycled. The plastic strapping material is generated from household appliances, consumer electronics, medical devices, textile goods, and various other products.This growth is primarily driven by Need for Reducing the Adverse Environmental Impact Caused due to the Plastic Materials Around the World and Demand for Improving Performance and Durability in Various Application.
Globally, a noticeable market trend is evident Growing Polyester and Polypropylene Plastic Strapping Materials. Major Manufacturers, such as 3M Company (United States), Polychem Corporation (United States), Cyklop International (Germany), Mosca GmbH (Germany), LINDER GmbH (Germany), Dynaric, Inc. (United States), PAC Strapping Products, Inc. (United States), Samuel, Son & Co. (Canada), Professional Packaging Systems, inc. (United States) and TEUFELBERGER Holding AG (Austria) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 15th March 2019, The Sterling Group, an operationally-focused middle-market private equity firm, announced the acquisition of Polychem Corporation. Polychem is a leader in the securement packaging industry. The company manufactures polyester ("PET") and polypropylene strapping consumables, securement equipment, and related products, serving the food and beverage, consumer packaged goods, and industrial industries.
Market Drivers
- Need for Reducing the Adverse Environmental Impact Caused due to the Plastic Materials Around the World
- Demand for Improving Performance and Durability in Various Application
Market Trend
- Growing Polyester and Polypropylene Plastic Strapping Materials
Restraints
- Difficulty Associated with Recycling of Plastic Strapping Materials
Opportunities
Surging Demand for Plastic Strapping Materials in Flooring and Millwork Application and Regulatory Guidelines on the Plastic Strapping Materials
Challenges
Stiff Competition in the Plastic Strapping Materials Market
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Plastic Strapping Materials Study Sheds Light on
— The Plastic Strapping Materials Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Plastic Strapping Materials industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Plastic Strapping Materials industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.